Automotive Wrap Films Market to Grow at CAGR of 22.2% through 2025: Grand View Research Inc.
High application scope coupled with increasing demand from light duty vehicle application is likely to have a positive impact on the market growth.
(firmenpresse) - The Report Automotive Wrap Films Market Size, Share & Trends Analysis Report By Application (Heavy-, Medium-, Light-duty Vehicles), By Region (Central & South America, APAC, MEA, North America, Europe), And Segment Forecasts, 2019 - 2025
The global automotive wrap films market size is expected to reach USD 11.6 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 22.2% over the forecast period. High application scope coupled with increasing demand from light duty vehicle application is likely to have a positive impact on the market growth. Asia Pacific is expected to be the fastest-growing regional market over the forecast period. This can be attributed to rapidly expanding automotive industry in the region. Rising population and increasing disposable income levels in the emerging economies like India and China are also likely to propel the regional market development. Moreover, growing popularity of color-changing vehicle paints is further expected to propel the demand for automotive wrap films in the region. Growing construction, transportation, and industrial sectors are likely to increase the overall sales of heavy duty vehicles in the coming years. Escalating demand for vehicle branding coupled with increased sales of heavy duty vehicle in North America is expected to have a positive impact on the overall market in the years to come.
Access Research Report of Automotive Wrap Films Market
Further key findings from the study suggest:
Advancements, in terms of technologies and materials, to facilitate low cost and mass production will also help augment the market growth
Such advancements would also lead to flexibility in designs and ease of manufacturing for a wide range of applications
Light-duty vehicles are expected to be the fastest-growing application segment in the global automotive wrap films market from 2019 to 2025
North America was the largest regional market and will maintain its dominance during the forecast years due to increasing demand for vehicle branding and increased sales of heavy duty vehicles
Grand View Research has segmented the global automotive wrap films market on the basis of application and region:
Automotive Wrap Films Application Outlook (Revenue, USD Million, 2014 - 2025)
Heavy Duty Vehicles
Light Duty Vehicles
Medium Duty Vehicles
Automotive Wrap Films Regional Outlook (Revenue, USD Million, 2014 - 2025)
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Unternehmensinformation / Kurzprofil:
Datum: 26.09.2019 - 09:15 Uhr
Sprache: Deutsch
News-ID 599599
Anzahl Zeichen: 3462
contact information:
Contact person: Sonali Kulkarni
Town:
San Francisco
Phone: 14153490058
Kategorie:
Automotive
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